General Motors announced at the Consumer Electronics Show (CES) in Las Vegas on Jan. 5 that its electric commercial vehicle business, BrightDrop, has signed a new deal to supply thousands of battery powered trucks to Walmart and will supply additional units to FedEx. The financial terms of the two deals have not yet been disclosed…
GM’s Electric Commercial Vehicle Unit Signs Deals With Walmart, FedEx
January 6, 2022
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Business & EconomyCompanieseconomic policiesElectric VehiclesEnvironmentFeDex Corp.General MotorsScienceTechUSUS NewsWalmart
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NTD Business Full Broadcast (Jan. 6)
Luxury carmaker Bentley is cruising into its second year in a row of record sales, leaving other carmakers in the dust. Multiple cruise lines are canceling trips as virus cases hit passengers and hurt travel demand. Which lines are they? Walmart is expanding its grocery delivery service, putting food directly in your fridge. But would people use…
US Retailers Raise Prices of Discounted CCP Virus Test Kits After Agreement Ends With Biden Administration
January 5, 2022
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AMERICABusiness & EconomyBusinesses in COVID-19CCP VirusCompaniesCOVID Test KitKrogerPolicies & Impactsrapid testUSUS NewsWalmart
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Walmart and Kroger, the two largest retailers in the United States, have both raised their prices for the BinaxNOW COVID-19 rapid tests, after an agreement with the Biden administration to sell the antigen self-test kits at a fixed price expired at the end of the year. The average number of COVID-19 tests administered per day…
Walmart to Expand Its Home Delivery Service With 3,000 New Drivers
Walmart, the largest retailer in the United States, said on Jan. 5, that it will hire more than 3,000 U.S. delivery drivers to support the expansion of its “InHome” system, part of its “Last-Mile” delivery service to 30 million households. The InHome system allows deliverymen wearing a monitoring camera to enter a customer’s home to deliver…
Walmart Temporarily Closes Almost 60 Stores in COVID-19 Hotspots Across US for Cleaning
Walmart temporarily closed almost 60 stores across COVID-19 hotspots in the United States in December to sanitize them against the virus, a spokesperson confirmed to Reuters. The stores across Texas and New Jersey were closed for two days for cleaning “to present a safe and clean in-store environment for our associates and customers,” a company spokesperson said….
Walmart Faces Backlash in China Over Disappeared Xinjiang Products
January 1, 2022
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ChinaChina Business & EconomyChina Human RightsChinese RegimeFinance & Business TiesNationalismSam's ClubSpecial TopicsThreat from Communist ChinaUS-China relationsWalmart
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U.S. retail giant Walmart Inc. came to be the latest Western company caught in a storm of nationalist outrage in China—which is not unusual—after its subsidiary allegedly pulled Xinjiang products off shelves in its locally based stores. Retail warehouse Sam’s Club, a division of Walmart, responded by putting it down to low stock, Chinese media…
Walmart Limits Online Ordering of COVID-19 Tests to Eight Kits
Walmart Inc. said on Tuesday demand for at-home COVID-19 testing kits was “extremely high” and that it had set a limit of eight test kits per online order.
California Sues Walmart Over Disposal of Hazardous Waste
SACRAMENTO, Calif.—Retail giant Walmart illegally dumps more than 1 million batteries, aerosol cans of insect killer and other products, toxic cleaning supplies, electronic waste, latex paints and other hazardous waste into California landfills each year, state prosecutors alleged Monday in a lawsuit that the company labeled “unjustified.” “As we shop the brightly packed aisles there…
SoftBank SPAC to Take Walmart-Backed Symbotic Public in $5.5 Billion Deal
Walmart Inc.-backed Symbotic said on Monday it would go public through a merger with a SoftBank Group Corp. blank-check firm in a deal offering the robotics and automation startup a pro-forma equity value of $5.5 billion. The deal with SVF Investment Corp. 3 is supported by a private investment in public equity of $205 million…
Alabama Woman Accused of Shoplifting at Walmart Awarded $2.1 Million in Damages
An Alabama woman was awarded $2.1 million in damages after filing a lawsuit against Walmart for wrongfully accusing her of shoplifting, in a 2016 incident. A Mobile County jury ruled in favor of Lesleigh Nurse on Nov. 30. Under the lawsuit, Nurse stated that Walmart staff stopped her from leaving a Walmart store with groceries…
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